HOW MUCH TAX YOU PAY FROM NOT DISTRIBUTED PROFITS
19 % UNITED KINGDOM
You pay 19% CT from Net Profits if you have british limited liability company (LTD) in United Kingdom
0 % ESTONIA*
*This is not a tax rate. If you don’t pay a dividend to the company shareholder, you pay nothing to tax.
UNITED KINGDOM
INCORPORATION
Fully remote incorporation via WebFilling Portal
SHAREHOLDERS
At least 1 shareholders – may be a legal person.
STATE FEE
£10 – WebFilling fee or £40 by paper
DIRECTORS
At least 1 director – natural person.
BANK
Troubles with British high-street banks.
SELLING SHARES
You do not need notarial agreement.
ESTONIA
INCORPORATION
Remotely only if you are e-Resident card holder. Another way is the incorporation by Power of Attorney
SELLING SHARES
The notarial procedure is applicable. You need to visit a local notary or issue POA for representing you.
DIRECTORS
At least 1 director – natural person.
STATE FEE
190€ via e-Residency card
BANK
The opening of a bank account in Estonia is hard, but still possible.
SHAREHOLDERS
At least 1 shareholders – may be a legal person.
OUR SIMULATION
We have 100 000 GBP net profit annually. We are a startup that operates in the IT area. We earn GBP 100,000 annually. The assumption of our calculation is the investment pro model. We will not pay any dividends. We also do not want to incur costs to minimize taxes only to accumulate capital. We will now compare Great Britain and Estonia with Tax Corporation tax.
